Myanmar Morning News For August 25

Funny money in Myanmar’s fintech sector
A prominent mobile money company appears to be flaunting regulations aimed at providing consumer protections in the burgeoning sector.
— Frontier Myanmar

Mandalay merchants deny scandal
Merchants from Mandalay Region have rebutted a social-media rumor that six bean dealers have stolen millions of kyat.
— Eleven Myanmar

Intellectual property laws needed to attract fresh foreign investment
Four laws related to protecting intellectual property (IP) are expected to be enacted soon to attract more foreign investment into Myanmar, especially from Japan, said Mr. Hiro Yamaoka, managing director of the Japan External Trade Organisation (JETRO).
— Myanmar Times

Annan urges economic, social reform in Myanmar state
A commission led by former U.N. Secretary-General Kofi Annan on Thursday recommended economic development and social justice to counter deadly violence between Buddhists and Muslims in Myanmar’s Rakhine state, stressing that the government of Aung San Suu Kyi must act quickly and decisively, even in the face of public opposition.
— Lexington Herald-Leader

Myanmar needs English proficiency to plug into international economy
Myanmar’s population, as well as ASEAN’s, needs to develop a proficiency in English in order to bridge the country’s growth with the international economy, a Malaysian business leader said.
— Myanmar Times

Myanmar blames India for restricting pulses import quota
Yangon has blamed New Delhi for restricting import of three major pulses from Mayanmar, saying that the move has plunged Burmese pulses industry into chaos, an official report said on Thursday.
— Business Standard

Myanmar food fights back
Amid the recent surge in popularity of foreign cuisine, restaurateurs look to raise the profile of traditional Myanmar food.
— Myanmar Times

SHL eyes Myanmar affordable housing market
SHL Consolidated Bhd’s joint venture (JV) with Japan-based Marubeni Corp is looking at tapping into Myanmar’s affordable housing market, in line with their business venture across the Association of Southeast Asian Nations (Asean) region.
— The Edge Markets

Villagers demand electrification committee
About 60 residents in Hinthada Township, Ayeyarwady Region, have protested against a rural electrification committee and the township administrator over the electricity supply for Yonthalin village.
— Eleven Myanmar

Environmental action shuttering precious mineral mines
The Ministry of Natural Resources and Environmental Conservation has announced an environmental plan that will regard former mining blocks in Khamti in Sagaing Region, Mogok in Mandalay Region and Lonekhin, Mohnyin and Hpakant in Kachin State as vacant land.
— The Global New Light Of Myanmar

President hosts dinner for Viet Nam Communist Party General Secretary
President U Htin Kyaw and the First Lady hosted a dinner to honour the visiting General Secretary, Communist Party of Viet Nam’s Central Committee (CPVCC) Mr. Nguyen Phu Trong at the Presidential Palace yesterday evening.
— The Global New Light Of Myanmar

Car brokers decry decision to close the Thiri Mingalar car sales centre
The Yangon City Development Committee (YCDC) on Thursday announced the closure of the Thiri Mingalar car sales centre in Ahlone township as it is a dangerous building, but the car brokers are criticizing the decision.
— Consult-Myanmar

Myanmar settle for silver in men’s billiards doubles
Myanmar pair of Aung Htay and Min Si Thu Htun had to settle for silver at the 29th SEA Games after losing to Thailand in the men’s doubles final at the Kuala Lumpur Convention Centre, Hall 4 yesterday.
— Myanmar Times

Feature photo Paul Arps
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